Economy

Annual inflation at 3.6 percent in April - Newsreel

Inflation remains stubbornly high at 3.6%

Australia’s inflation rate remains stubbornly high and outside the zone where the Reserve Bank is likely to reduce interest rates. April Consumer Price Index data,
Read more 29 May 2024
Australians the biggest buyers of clothes - Newsreel

Australia tops clothing purchase rankings

Australians have become the world’s biggest per capita purchasers of clothes, according to new research released today. The Australia Institute think tank says we have
Read more 29 May 2024
Consumers still being cautious with their spending - Newsreel

Cautious consumers hold back spending

Retail spending in Australia remains sluggish as cautious consumers continue to grapple with cost of living pressures. Seasonally adjusted retail turnover data, released
Read more 28 May 2024
China has successfully tested flying taxis - Newsreel

China puts flying cars on economic agenda

China is aiming to be the first country in the world to allow flying taxis. This follows the Chinese Government’s declaration that a “low-altitude economy” is now
Read more 27 May 2024
Electrical apprentice. | Newsreel

$1000 tool boost for first-year apprentices

First-year apprentices can access $1000 to tool up for their careers. A Queensland Government “Free Tools for First Years” program will provide $1000 cashback for
Read more 27 May 2024
Women dominating Queensland finance sector - Newsreel

Finance sector riding wave of post-COVID growth

The finance sector in Queensland is working at carving out a unique identity as it enjoys significant post-COVID growth and burgeoning career opportunities. Queensland
Read more 27 May 2024
Women plan to retire later - Newsreel

Early retirement dream abandoned for most

The dream of “early retirement” for Australians is steadily evaporating with the average expected age to finish work pushing out beyond 65. Australian Bureau of
Read more 27 May 2024
Man in supermarket looking at phone. | Newsreel

Twenty-somethings hit brakes on spending

The spending gap between age groups is widening with young people in their late twenties the most frugal and those over 60 increasing their spending. CommBank iQ Head of
Read more 26 May 2024
Nuclear power plant

Nuclear option more expensive than renewables

Nuclear power is a more expensive energy option compared to renewables, according to a new CSIRO report. The latest GenCost report also found a nuclear-powered energy
Read more 22 May 2024
Homes flooded in Brisbane. | Newsreel

Floods sink Brisbane’s global status

Climate change is having an impact on Brisbane’s status among global cities ranked in the latest Global Cities Index. Placed 27th in the world and fourth in Australia,
Read more 22 May 2024